Ralph Lauren quietly shuttered its two-year-old 20,000-square-foot store last week. Other brands are expected to close boutiques in a city that has lost its luster for cash-rich mainland Chinese tourists.

TIME PASSAGES: Karl Lagerfeld has inspired an exclusive — and pricy — watch. The Rolex Oyster Perpetual Milgauss, customized by Bamford Watch Department in a special Lagerfeld version, is to go on sale today at Karl Lagerfeld flagship boutiques in Paris and Munich. The limited-edition timepieces are priced at 19,000 euros, or $25,820 at current exchange.

The Milgauss, conceived as an antimagnetic watch for those who work in power plants and labs, was first introduced in 1956, around the time the young Lagerfeld started his fashion career at Balmain.

The Bamford version, in matte black, features Lagerfeld’s signature cameo at 7 p.m., his signature at the base and a miniature version of his cameo camouflage on the watch face. London-based Bamford personalizes sports watches independent of the brands.

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@rebeccaminkoff is bringing self-checkout to high fashion: The brand has partnered with @queuehop to bring its customers self-checkout options, beginning this holiday season at its SoHo store. (📷: @aurorarosephoto)